Fannie Mae-No Politics (FNMA)

[Wise Man]

Bradford-LuLeVan now claims the hedge funds dump shitbags of JPS on clients.
That reminds me the former Blackrock and Morgan Stanley executive, Craig Phillips, in this Rolling Stone piece, denouncing that he dumped "shitbag CDOs on clients".
https://www.rollingstone.com/politics/politics-news/man-trump-named-to-fix-mortgage-markets-figured-in-infamous-financial-crisis-episode-109861/
Craig S. Phillips, then president of the Asset Backed Securities division at Morgan Stanley, was the man Donald Trump put in charge of reviewing Wall Street rules and GSE affairs, as counselor to the Treasury Department.
He attended the 2nd CRT Symposium, when the CRT are barred in the Charter Act, the reason why we are requesting a refund of the CRT expenses, net.

In early 2007, a group of Morgan Stanley bankers bundled a group of subprime mortgage instruments into a package they hoped to sell to investors.

Phillips headed a division that sold billions of dollars of mortgage-backed investments to Fannie and Freddie. Many of those investments were as bad....

The conservator FHFA sued Morgan Stanley on behalf of FnF (18 financial institutions in total. UBS is missing in the screenshot).